It’s happened. Sequestration. And yet… it wasn’t Armageddon as some in Washington had predicted. Airplanes didn’t stop flying, schools didn’t close and life moves on, albeit as our leaders in Washington continue to bounce from financial crisis to financial crisis, real or imagined.What will the impact of sequestration be on commercial real estate? Lending? In all honesty, no one really knows. It depends on who you’re talking to. However some sectors have continued to improve, particularly in multi-family investments. In the past 12 months, there has been a general increase in activity in several sectors, particularly the industrial sector. Although not as significant, there has been growth in the retail and office sectors as well.
Larry Dietz, CCIM
Article submitted by Larry Dietz, CCIM, Associate Broker at Saurage Rotenberg Commercial Real Estate
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Larry Dietz, an associate broker with Saurage Rotenberg Commercial Real Estate, has over 30 years of Sales, Marketing and Public Relations experience. He is a Designee member of the Certified Commercial Investment Member Institute (CCIM) and CCIM Louisiana Chapter; a member of the Commercial Investment Division of the Greater Baton Rouge Board of REALTORS® (CID); as well as an affiliate member of the National Association of REALTORS® (NAR). He is a licensed real estate broker in Louisiana and Mississippi.
Saurage Rotenberg Commercial Real Estate is a member of the Baton Rouge Area Chamber of Commerce (BRAC); the West Baton Rouge Chamber of Commerce; the Baton Rouge Better Business Bureau; the Louisiana Commercial Data Base (LACDB); and the International Council of Shopping Centers (ICSC). Several agents, on an individual basis, are members of the Society of Industrial and Office Realtors® (SIOR), the Certified Commercial Investment Member Institute (CCIM); the National Association of REALTORS® (NAR); and the Greater Baton Rouge Association of REALTORS® Commercial Investment Division (CID).
